There is conflicting advice from financial experts about 401K savings and what to do with it. Many will say that you should contribute as much as allowed to the 401K savings plan; others think you should only contribute as much as your employer will match; and still others think there are better ways to invest your money than a standard 401K plan. But what do you...

Do you cringe when you think of using credit cards to pay for your purchases? You do if you’ve ever had excessive credit card debt and high interest rates! There is a new kind of credit card rewards program entering the industry – and this one can actually help you pay off your mortgage. The trick to rewards cards is to be sure you pay off your credit card...

In today’s day and age, it is important to establish credit and keep it well maintained. Whether you are looking to buy a house or a car, you will need to have established credit. Having established credit can be a major benefit because you will be able to get better interests rates on purchases as well as more credit when you need it. In order to establish credit,...

The proper use of credit requires constant evaluation and monitoring on the part of the consumer.  One can get in over their head very rapidly.  Which begs the question: how much credit is too much? When considering the use of credit as a way of financing purchases one must examine their budget to determine whether or not timely payments can be met. Keep in Mind. A...

The smart money manager has a strategy for saving money that includes multiple options.  The first of these options is a short-term account.  This account is designed specifically for easy access.  That is, you need this money to be available for life’s little emergencies that cannot wait.  You can also call it a ‘rainy day’ fund. How Much? This depends on...

The concept of extending credit and the charging of interest to a borrower is as old as humanity itself. The debate about the issuing of credit has long been worn out. There are those who say that responsible use of credit is a good thing. Others disagree because of the oft troubles that the offer of credit poses to those who lack the ability or responsibility to...